Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Short Interest Up 62.8% in May

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 93,885 shares, a growth of 62.8% from the May 14th total of 57,667 shares. Based on an average daily volume of 106,815 shares, the short-interest ratio is presently 0.9 days. Currently, 6.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On Foresight Autonomous Holdings Ltd. American Depositary Shares

A hedge fund recently bought a new stake in Foresight Autonomous Holdings Ltd. American Depositary Shares stock. Yorkville Advisors Global LP purchased a new position in shares of Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares comprises about 0.1% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 22nd biggest position. Yorkville Advisors Global LP owned about 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares at the end of the most recent quarter. Hedge funds and other institutional investors own 23.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Foresight Autonomous Holdings Ltd. American Depositary Shares presently has a consensus rating of “Sell”.

Foresight Autonomous Holdings Ltd. American Depositary Shares Price Performance

Foresight Autonomous Holdings Ltd. American Depositary Shares stock opened at $1.65 on Thursday. The company’s 50 day simple moving average is $2.02 and its 200 day simple moving average is $3.01. Foresight Autonomous Holdings Ltd. American Depositary Shares has a fifty-two week low of $1.22 and a fifty-two week high of $12.39. The firm has a market capitalization of $2.67 million, a price-to-earnings ratio of -0.07 and a beta of 0.66.

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) last released its quarterly earnings data on Wednesday, March 25th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($3.33) by $3.31. The firm had revenue of $0.06 million for the quarter, compared to the consensus estimate of $0.13 million.

About Foresight Autonomous Holdings Ltd. American Depositary Shares

Foresight Autonomous Holdings Ltd. is an Israel?based technology company specializing in advanced vision and sensing systems for driver assistance and autonomous vehicles. Incorporated in Israel, the company was established to address the growing demand for vision?first safety solutions within the automotive industry.

Foresight markets two core product lines: a stereo?camera platform that uses depth perception and image segmentation to detect pedestrians, vehicles and obstacles in real time, and iDAR, an “intelligent detection and ranging” system that blends LiDAR?style distance measurement with software-driven image analysis.